$JTO USDT Signal 🚨⚠️📉.
The current price is at $2.830 after hitting a recent high of $3.021.Volume has been quite high during the run-up to $3.021 but has tapered off slightly, indicating possible consolidation or cooling off after a strong upward move.
*The recent high at $3.021 serves as immediate resistance. A breakout above this level could lead to further upside, potentially targeting $3.05 - $3.10 if buying volume surges. The nearest support level is around $2.78. If the price breaks below this level, a stronger support lies near $2.52, where there was previous consolidation before the recent rally.
Bullish Signal.
*Buy Entry: Look for a breakout above $3.021 with strong volume. This breakout would confirm a bullish continuation, especially if accompanied by an upward cross in the MAs or an RSI moving above 60.Target: Set a short-term target between $3.05 and $3.10, and a medium-term target of $3.20 if momentum remains strong.Stop Loss: Place a stop loss slightly below the $2.78 support to protect against a downside move if the breakout fails.
Bearish Signal.$JTO
*Sell Entry: If the price breaks below $2.78 with an MA crossover (5-period MA crossing below the 10-period), this could indicate a potential pullback.Target: The short-term target for a bearish trade could be $2.52, with a more extended target around $2.25 if bearish momentum increases.Stop Loss: Set a stop loss above the $3.021 resistance level, as breaking back above it would invalidate the bearish setup.$JTO
